Why an insolvent company shall hire a lawyer?
According to Romanian Law no. 85/2014, insolvency is a process by which a company does not have the payment means to pay certain, liquid and exigible debts in Romania. This situation can be solved by involving all creditors in the process and by carrying out the procedures provided by the law. Therefore, the company may go through …
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When a bidder can be excluded from a public tender procedure in Romania?
Public procurement procedure is the acquisition of works, supplies or services by means of a public procurement agreement in Romania that is concluded between one or more contracting authorities and one or more economic operators, regardless of whether the works, supplies or services aim to achieve a public interest or not. Any economic operator has …
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What to pay attention to when incorporating a company in Romania according to the new amendments of the Law regarding the Romanian Trade Register as of December 2022
The end of 2022 brought substantial changes by means of Law no. 265/2022 regarding the Romanian Trade Register and for amending and supplementing other normative acts with an impact on the registration in the Trade Register in Romania. Among the amendments that you shall need to pay attention to when you register a company in …
New amendments to the Romanian legislation in order to simplify the construction of photovoltaic parks
Starting with 13th of January 2023, important amendments were made to the Romanian Law no. 50/1991 on the authorization of construction works in Romania, simplifying the documentation for obtaining the building permit for photovoltaic parks in Romania for the development of renewable energy projects in Romania on agricultural land located outside the cities in Romania. Romanian …
How can a Ukrainian citizen buy an apartment in Romania?
It is important to note that Ukrainian citizens who wish to purchase an apartment in Romania can conclude a sale-purchase agreement for this purpose only under certain conditions. Pavel, Margarit and Associates Romanian Law Firm recomands contacting a specialized lawyer in real estate and construction law in Romania in order to assist Ukrainian citizens with …
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How to import tobacco products from a country outside EU to Romania?
Any company or entrepreneur who wants to import tobacco products from a country outside EU to Romania, raw tobacco or processed tobacco originating from its own import operations in Romania, from own intra-community acquisitions or from intern production, they must be authorized as an importer and have the quality of authorized importer of tobacco products …
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What is the procedure of cancelling a promissory note and appealing against enforcement in Romania?
Being a common financial payment instrument in the relations between professionals, promissory notes in Romania play an important role in discharging from the contractual obligation arising from the contract concluded between the two parties, with the purpose of guaranteeing the payment obligations in Romania. The biggest advantage of the promissory note in Romania is the quality of enforceable title in Romania. …
How to revise a construction contract and a subcontract agreement in Romania?
A contract of services and a subcontract agreement in Romania is a document that defines the terms of an agreement between a construction services provider in Romania and a customer who is requesting to perform a certain material or intellectual work in Romania, or to perform services activities in Romania, in exchange for a price. The Romanian …
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The Romanian Law firm Pavel Margarit and Associates provided legal assistance and representation to a Romanian citizen in a dispute concearning the appeal against a compensation decision issued by the National Real Estate Compensation Commission (C.N.C.I.), in order to establish the correct and objective value of the property , managing to obtain for him a higher value of the building compared to that calculated by the National Commission for Real Estate Compensation, namely, approximately 3,000,000 lei
The Romanian Law Firm Pavel Margarit and Associates provided legal assistance and representation to a Romanian citizen in a dispute concearning the appeal against a compensation decision issued by the National Real Estate Compensation Commission (C.N.C.I.), in order to establish the correct and objective value of the property.
What amendments have brought the Romanian Law 265/2022 on the Trade Register and for the amendment and completion of other normative acts affecting the registration in the Romanian Trade Register?
Starting with November 26, 2022, Law 265/2022 was adopted in Romania, regarding the Romanian Trade Register and for amending and supplementing other normative acts with an impact on the registration in the Trade Register in Romania. The main substantive changes provided for by Law 265/2022 are: registration in the Trade Register in Romania on the basis of the registrar’s hearing report, the formulation …